NEL reports TT$237 million half-year profit

National Enterprises Limited (NEL) reported net profit of TT$237 million for the six months ended March 31, 2026, as gains across its investment portfolio contributed to improved financial performance during the period. 

Speaking at the company’s quarterly investors meeting in Port of Spain, management highlighted continued growth in several of NEL’s key holdings and pointed to an expanded interest in Atlantic LNG as one of the developments during the reporting period. 

Through its shareholding in NGC T&T LNG, NEL now has exposure to a 5.7 per cent interest in Atlantic LNG’s unified structure. The company said that interest is expected to rise to approximately 10 per cent as additional LNG trains are incorporated into the arrangement. 

NEL said it remains committed to its long-standing dividend policy while maintaining flexibility to pursue new investment opportunities. The company continues to target the distribution of the majority of dividends received from its underlying investments. 

The investment holding company reported that an unrealised fair value gain of approximately TT$186 million contributed to its half-year results. Management attributed the improvement largely to conditions in the energy sector and positive performance from Telecommunications Services of Trinidad and Tobago (TSTT), one of NEL’s major holdings. 

Company officials said the portfolio remains focused on balancing diversification with the ability to generate returns and maintain liquidity for future acquisitions. In addition to its interests in telecommunications and manufacturing, NEL maintains investments across several energy-related businesses, including PowerGen, NGC NGL Company Limited and Atlantic LNG. 

NEL’s market capitalisation has grown to more than TT$3 billion, supported by a rise in the company’s share price over the past three years. Management told investors that preserving capital, growing asset value and positioning the portfolio for long-term returns remain central priorities. 

The larger stake in Atlantic LNG strengthens NEL’s presence in the energy sector and provides additional exposure to one of the country’s key exports industries. The company noted that its interest is expected to increase as more LNG trains are brought under the unified structure.